Cairo – Mubasher: Ghabbour Auto (GB Auto) posted consolidated net profits after tax of EGP 1.84 billion in 2021, an increase of 65.7% year-on-year (YoY) from EGP 1.11 billion, including minority shareholders' rights.
The revenues increased to EGP 31.43 billion last year, compared to EGP 23.31 billion in 2020, according to a bourse disclosure on Sunday.
The earnings per share (EPS) settled at EGP 1.35 in 2021, versus EGP 0.84 a year earlier.
As for the standalone financial results, GB Auto's net losses declined to EGP 2.41 million in 2021, compared to EGP 9.03 million in the prior year.
It is noteworthy to mention that during the first nine (9M) months of 2021, the company reported consolidated net profits of EGP 1.25 billion, up 57.4% from EGP 794.77 million in the same period of 2020.
